Property Listing No Longer Available for Sale

111 W. Saginaw Way, Fresno, CA

Multi-family for Sale - $1,600,000 - 30,060 Sq. Ft. on 49299.44 acres

Property Info

  111 W. Saginaw Way
  Fresno CA 93705
UpdatedJanuary 19th, 2015
Building30,060 Sq. Ft.
Land49299.44 acres

Property Description

The Redwoods is a 42 unit complex comprised of 34 - (2) two bed / (1) one bath and 8 - (1) one bed / (1) bath units. The complex is stick frame construction with pitched roofs. The exterior is stucco sided and have decorative shingle and stone veneers. Site amenities include forced heating and air conditioning, laundry facility and an inviting pool that attracts prospective tenants. Each unit has a covered parking stall with street parking available.

Location Description:

Fresno is the economic hub of the central San Joaquin Valley of California and is now the 5th largest city in the state. This area boasts the most productive agricultural land in the nation, producing over $3 billion annually. Fresno's central location lends itself to being a major distribution center which supports many industries as well as a large medical community. Residents of this area enjoy easy access to National parks such as Yosemite and recreational activities in the neighboring National Forests. This 42 unit complex is located in northwest Fresno near the intersection of Dakota and Palm Avenues. It is ideally located down the street from Quigley Park and Williams Elementary which is one of Fresno's newest schools. Tenants of this complex have a short drive to the famed Fig Garden Shopping Center and easy access to Highway's 41 and 99.


>> Priced At $38,095 Per Door

>> Excellent Unit Mix 34 - 2 Bed / 1 Bath & 8 - 1 Bed / 1 Bath

>> Sparkling Pool

>> Near Schools and Quigley Park

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Sales Info:

>> Cap rate: 8.53%

>> Commision split: 3.0%

>> NOI: $136464